Greece

Up to 65 percent of Greek hotels face bankruptcy due to the coronavirus lockdown, a study by the influential Hellenic Chamber of Hotels warned on Monday. In a teleconference, Alexandros Vasilikos, the president of the Chamber, said that "it will...

The Greek authorities are planning to introduce to the country's judicial system the institution of individual insolvency, in which a person is able to declare bankruptcy, liquidate his or her property and receive a second chance in life, free...

Former Greek finance minister and one-time ally of Prime Minister Alexis Tsipras, Yanis Varoufakis, has claimed Greece's "bankruptcy" has been extended by five more decades. Varoufakis, now a founder of the DiEM25 movement, tweeted in aftermath of the Greek debt-relief...

The possibility of bankruptcy that is to be discussed at an extraordinary board meeting of the Greek tobacco industry SEKAP, is scheduled for Thursday. SEKAP; which is owned by Russian-Greek investor Ivan Savvidis, has been asked by a Komotini Court...

Greece is at risk of bankruptcy unless there is substantial debt relief, warns the Parliamentary State Budget Office, while calling for the need of tax policy change. In its quarterly report (July-September 2017), the House office claims that debt relief...

In modern recession-era Greece, nobody, not even historic sports club are immune to financial hardships. Iraklis, one of the oldest and most historic Thessaloniki football clubs has declared bankruptcy, and is withdrawing from the Football League's second division championship. After...

ICAP, Athens-based market research firm, presented the results of a study on business risk potential at the 9th Credit Risk Management Conference in Athens. According to the study, one in five companies in Greece will be led to bankruptcy...

Greek family business, Mamidoil Jetoil, is the latest in a chain of companies filing for bankruptcy according to article 99 of the Bankruptcy Code. The company dealing in storage, transport and trade of petroleum-based products in Greece and the...

The end of an era has come for Marinopoulos, one of Greece's largest supermarket chains, that filed for bankruptcy on Tuesday following a domino of events after mounting pressure from suppliers owed a large sum of money and creditor...

Last-ditch efforts to save Greece's private Mega channel from bankruptcy paid off on Wednesday with an agreement between shareholders reached at the eleventh hour. Shareholders reportedly agreed to put up three million euros within a week so as to...

Electroniki Athinon S.A., one of Greece's largest home appliances and electronics chain, announced on Wednesday that it has filed for bankruptcy after 66 years of operation. The High Court of Athens with the number 267 / 13.04.2016 decision declared the...

With its income reduced dramatically and huge amounts of money lost in stocks and assets, Greece's Church might be soon faced with bankruptcy. Many monasteries in Greece will soon be unable to pay their workers whereas some cannot even...

Greece is on the brink of bankruptcy as private debt is higher than gross domestic product and rising, says a Greek Money report. Private debt is higher than GDP and if the state debt is added to the equation, the...

On Tuesday, the German "wisemen," five independent economic advisers, argued in favor of creating a mechanism that would allow Eurozone countries to go bankrupt, Reuters reported. "To ensure the cohesion of the monetary union, we have to recognize that voters...

German Finance Minister Wolfgang Schaeuble said on Monday that it is up to Greece to avoid a Grexit and bankruptcy, adding that the country’s partners are always willing to return to the negotiating table. Speaking to “Brennpunkt” talk show on...